SAMHI Hotels jumps on entering into strategic partnership with GIC
Samhi Hotels is currently trading at Rs. 184.85, up by 10.80 points or 6.21% from its previous closing of Rs. 174.05 on the BSE.
The scrip opened at Rs. 185.15 and has touched a high and low of Rs. 186.85 and Rs. 180.20 respectively. So far 236723 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 225.60 on 06-Sep-2024 and a 52 week low of Rs. 120.35 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 186.85 and Rs. 171.45 respectively. The current market cap of the company is Rs. 4025.95 crore.
The Institutions and Non-Institutions held 65.90% and 34.09% stake respectively in the company.
SAMHI Hotels and GIC, leading global institutional investor, have entered into a strategic partnership to establish an investment platform (the Joint Venture) for upscale and higher hotel assets in India. The partnership will be incubated with five of SAMHI’s hotels with more than 1,000 rooms (the Seed Assets) valued at around Rs 2,200 crore with GIC acquiring a significant minority stake in the underlying SPVs.
The hotels are located in high density office micro-markets in Bengaluru and Pune with favorable demand growth and high barriers to entry for new supply. The investment will be used for capital expenditure, future acquisitions and to reduce leverage across hotels. SAMHI will manage all the operational and development assets in the platform. With this investment, SAMHI will strengthen its balance sheet and grow its portfolio through its well tested ‘category conversion’ strategy.
Samhi Hotels acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it.
